Can I retire at age 76 with 1,520,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$125,520$124,402$123,311$122,247$121,207$120,544
2 years$62,139$60,981$59,860$58,772$57,718$57,049
3 years$41,014$39,852$38,733$37,656$36,618$35,964
4 years$30,454$29,295$28,188$27,129$26,117$25,482
5 years$24,120$22,968$21,875$20,838$19,853$19,241
6 years$19,898$18,755$17,678$16,664$15,709$15,119
7 years$16,884$15,751$14,691$13,700$12,776$12,208
8 years$14,624$13,501$12,459$11,493$10,599$10,054
9 years$12,868$11,755$10,731$9,789$8,926$8,403
10 years$11,463$10,362$9,355$8,439$7,605$7,105
11 years$10,315$9,224$8,236$7,344$6,541$6,063
12 years$9,359$8,279$7,310$6,442$5,668$5,212
13 years$8,550$7,482$6,531$5,687$4,943$4,508
14 years$7,858$6,801$5,868$5,048$4,333$3,918
15 years$7,258$6,213$5,298$4,502$3,815$3,421
16 years$6,734$5,700$4,803$4,031$3,372$2,997
17 years$6,272$5,250$4,371$3,622$2,989$2,634
18 years$5,862$4,851$3,990$3,264$2,658$2,321
19 years$5,495$4,496$3,653$2,950$2,369$2,050
20 years$5,166$4,178$3,352$2,671$2,116$1,814
21 years$4,868$3,891$3,083$2,424$1,894$1,608
22 years$4,598$3,632$2,842$2,204$1,698$1,428
23 years$4,352$3,397$2,624$2,008$1,524$1,269
24 years$4,126$3,183$2,427$1,831$1,370$1,130
25 years$3,919$2,987$2,248$1,672$1,232$1,006
26 years$3,728$2,807$2,084$1,529$1,110$898
27 years$3,551$2,642$1,936$1,399$1,001$801
28 years$3,388$2,490$1,799$1,282$903$715
29 years$3,236$2,349$1,675$1,176$815$639
30 years$3,094$2,218$1,560$1,079$737$572
31 years$2,962$2,097$1,454$991$666$512
32 years$2,838$1,984$1,357$911$603$458
33 years$2,722$1,879$1,267$838$545$410
34 years$2,613$1,781$1,184$771$494$367
35 years$2,511$1,689$1,107$709$447$329
36 years$2,414$1,603$1,035$653$405$295
37 years$2,323$1,523$969$602$367$264
38 years$2,237$1,447$907$555$333$237
39 years$2,155$1,376$850$512$302$213
40 years$2,078$1,309$797$472$274$191
41 years$2,005$1,246$747$435$248$171
42 years$1,935$1,187$701$402$225$154
43 years$1,869$1,131$658$371$205$138
44 years$1,806$1,078$617$342$186$124
45 years$1,746$1,028$580$316$169$111
46 years$1,689$981$544$292$153$100
47 years$1,634$936$511$270$139$89
48 years$1,582$893$481$249$126$80
49 years$1,532$853$452$231$115$72
50 years$1,484$815$425$213$104$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,520,000, adding $6,851 every year, while hoping to spend $45,100 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 23/50/27 Blend
75$1,520,000$1,520,000$1,520,000$1,520,000
76$1,682,107$1,601,547$1,577,987$1,706,285
77$1,805,696$1,632,037$1,582,863$1,758,100
78$1,940,379$1,662,509$1,586,392$1,809,291
79$2,087,241$1,692,915$1,588,479$1,863,134
80$2,247,474$1,723,203$1,589,028$1,919,877
81$2,422,393$1,753,316$1,587,936$1,979,796
82$2,613,442$1,783,193$1,585,097$2,043,195
83$2,822,212$1,812,769$1,580,397$2,110,412
84$3,050,457$1,841,973$1,573,720$2,181,821
85$3,300,104$1,870,731$1,564,940$2,257,837
86$3,573,279$1,898,961$1,553,929$2,338,920
87$3,872,318$1,926,575$1,540,551$2,425,580
88$4,199,799$1,953,481$1,524,664$2,518,380
89$4,558,557$1,979,580$1,506,118$2,617,945
90$4,951,715$2,004,765$1,484,758$2,724,969
91$5,382,712$2,028,921$1,460,421$2,840,217
92$5,855,338$2,051,927$1,432,934$2,964,539
93$6,373,765$2,073,654$1,402,120$3,098,874
94$6,942,589$2,093,963$1,367,791$3,244,262
95$7,566,872$2,112,706$1,329,750$3,401,855
96$8,252,190$2,129,726$1,287,794$3,572,925
97$9,004,686$2,144,855$1,241,708$3,758,883
98$9,831,126$2,157,914$1,191,267$3,961,287
99$10,738,963$2,168,715$1,136,236$4,181,861
100$11,736,409$2,177,053$1,076,372$4,422,513